Michigan Compiled Laws
215-2003-4-1 - Part 1 General Provisions (490.401...490.413)
Section 490.403 - Domestic Credit Union; Incidental Powers.

Sec. 403.
A domestic credit union may exercise any incidental powers that are necessary or required to enable it to effectively carry out the business for which it is organized.
History: 2003, Act 215, Eff. June 1, 2004

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 490 - Credit Unions

Act 215 of 2003 - Credit Union Act (490.101 - 490.601)

Article 4 - Domestic Credit Union Powers (490.401...490.432)

215-2003-4-1 - Part 1 General Provisions (490.401...490.413)

Section 490.401 - Domestic Credit Union; Powers.

Section 490.402 - Corporate Credit Union; Additional Powers.

Section 490.403 - Domestic Credit Union; Incidental Powers.

Section 490.404 - Business Outside of State.

Section 490.405 - Pledging Domestic Credit Union Assets as Collateral Security; Limitations.

Section 490.406 - Domestic Credit Union; Powers Authorized by Credit Union Board; Acquisition of Interest in Real Property; Definitions.

Section 490.407 - Credit Union Service Organizations; Organizing, Investing, or Loaning Money; Limitations; Requirements; Definitions.

Section 490.408 - Automated Information Processing Services.

Section 490.409 - Insurance Programs to Members.

Section 490.410 - Safe Deposit Department.

Section 490.411 - Savings Promotion Raffle; Loan Promotion Raffle; Definitions.

Section 490.412 - Check Cashing Fees.

Section 490.413 - Automatic Teller Machine Located on Premises of Casino, Casino Enterprise, Liquor Store, or Adult Entertainment Establishment; Preventing Access to Cash Benefits From Michigan Bridge Card; Definitions.